As regulatory pressure mounts in the U.S., policymakers are putting stablecoins at the top of their agendas. Citing “people familiar with the matter,” Bloomberg has reported that officials are crafting a policy framework set to be released in the coming weeks. Their primary concern is ensuring that investors can reliably move money in and out...Read More
Several US state regulators have gone after the popular cryptocurrency lender Celsius Network for failing to comply with local securities laws. The project’s CEO was quick to refute the allegations, promising that all protocol services will remain unaffected for now. US State Regulators After Celsius United States watchdogs have intensified their actions against the cryptocurrency...Read More
The 24-year-old Australian national – Stefan He Qin – will spend the next 90 months in federal prison for defrauding his customers out of $90 million. The courts also ordered him to forfeit nearly $55 million from the embezzled money. The Road to Prison According to a press release from the United States Department of...Read More
The Hedera Governing Council recently announced that it had allocated 10.7 billion HBAR, Hedera Hashgraph’s native token, to fund the development and expansion of the ecosystem. The official announcement revealed that the amount worth approximately $4.5 billion at the current market price ($0.42) represents 20% of the token’s total supply. Interestingly, the value of the...Read More
Coinbase and the U.S. Homeland Security have struck a million-dollar deal to allow the U.S. government to use the exchange’s services to analyze American citizens’ data. According to official documents, The Immigration and Customs Enforcement (ICE) – a branch of the U.S. Homeland Security Dept. dedicated to cross-border crime and illegal immigration – paid Coinbase...Read More
Cardano Price Action Cardano (ADA) is now on a weekly bounce from the $1.90 level, with a high of $3.16 for the year. Weekly price movement is smack in the midst of this range, but bulls have a few things working in their favour to keep their positions and drive prices back up to $3.16....Read More
MATIC has been attempting to reclaim the momentum it gained during its previous bull run after the larger market sell-off on September 7. Lower highs did indicate a bullish trend, but purchasers were unable to keep prices above specific levels. If another higher high is formed, the present run up from $1.20 could have favourable...Read More
